Stock Analysis Report

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Executive Summary

Barnes Group Inc. provides engineered products, industrial technologies, and innovative solutions in the United States and internationally.

Snowflake Analysis

Established dividend payer with mediocre balance sheet.

Similar Companies

Share Price & News

How has Barnes Group's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: BG4 has not had significant price volatility in the past 3 months.

Market Performance

7 Day Return




DE Machinery


DE Market

1 Year Return




DE Machinery


DE Market

Return vs Industry: BG4 underperformed the German Machinery industry which returned -16.5% over the past year.

Return vs Market: BG4 underperformed the German Market which returned -0.7% over the past year.

Shareholder returns

7 Day4.2%-0.2%1.5%
30 Day4.8%2.6%4.3%
90 Day-2.2%22.7%25.1%
1 Year-28.4%-29.3%-15.9%-16.8%0.2%-1.8%
3 Year-30.5%-32.8%-32.5%-36.5%1.3%-6.9%
5 Year7.1%1.0%-9.1%-18.4%15.0%-0.2%

Price Volatility Vs. Market

How volatile is Barnes Group's share price compared to the market and industry in the last 5 years?

Simply Wall St News

No news available


Is Barnes Group undervalued compared to its fair value and its price relative to the market?


Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: BG4 (€34.8) is trading above our estimate of fair value (€30.68)

Significantly Below Fair Value: BG4 is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: BG4 is good value based on its PE Ratio (12.7x) compared to the Machinery industry average (15.6x).

PE vs Market: BG4 is good value based on its PE Ratio (12.7x) compared to the German market (20.7x).

Price to Earnings Growth Ratio

PEG Ratio: BG4 is poor value based on its PEG Ratio (21x)

Price to Book Ratio

PB vs Industry: BG4 is overvalued based on its PB Ratio (1.6x) compared to the DE Machinery industry average (1.4x).

Next Steps

Future Growth

How is Barnes Group forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: BG4's forecast earnings growth (0.6% per year) is above the savings rate (0.2%).

Earnings vs Market: BG4's earnings (0.6% per year) are forecast to grow slower than the German market (22.2% per year).

High Growth Earnings: BG4's earnings are forecast to grow, but not significantly.

Revenue vs Market: BG4's revenue is expected to decline over the next 3 years (-1.9% per year).

High Growth Revenue: BG4's revenue is forecast to decline over the next 3 years (-1.9% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: BG4's Return on Equity is forecast to be low in 3 years time (7.5%).

Next Steps

Past Performance

How has Barnes Group performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BG4 has high quality earnings.

Growing Profit Margin: BG4's current net profit margins (10.7%) are lower than last year (10.7%).

Past Earnings Growth Analysis

Earnings Trend: BG4's earnings have grown by 2.8% per year over the past 5 years.

Accelerating Growth: BG4's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BG4 had negative earnings growth (-4.4%) over the past year, making it difficult to compare to the Machinery industry average (-22.8%).

Return on Equity

High ROE: BG4's Return on Equity (12.4%) is considered low.

Next Steps

Financial Health

How is Barnes Group's financial position?

Financial Position Analysis

Short Term Liabilities: BG4's short term assets ($756.6M) exceed its short term liabilities ($351.6M).

Long Term Liabilities: BG4's short term assets ($756.6M) do not cover its long term liabilities ($1.1B).

Debt to Equity History and Analysis

Debt Level: BG4's debt to equity ratio (64.3%) is considered high.

Reducing Debt: BG4's debt to equity ratio has increased from 43.5% to 64.3% over the past 5 years.

Debt Coverage: BG4's debt is well covered by operating cash flow (30.3%).

Interest Coverage: BG4's interest payments on its debt are well covered by EBIT (12.2x coverage).

Balance Sheet

Next Steps


What is Barnes Group current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BG4's dividend (1.67%) is higher than the bottom 25% of dividend payers in the German market (1.28%).

High Dividend: BG4's dividend (1.67%) is low compared to the top 25% of dividend payers in the German market (3.82%).

Stability and Growth of Payments

Stable Dividend: BG4's dividends per share have been stable in the past 10 years.

Growing Dividend: BG4's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (21.2%), BG4's dividend payments are well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: BG4's dividends in 3 years are forecast to be well covered by earnings (32.1% payout ratio).

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Patrick Dempsey (56yo)





Mr. Patrick J. Dempsey has been the Chief Executive Officer and President of Barnes Group Inc. since March 01, 2013. Mr. Dempsey served as the Chief Operating Officer and Senior Vice President of Barnes Gr ...

CEO Compensation Analysis

Compensation vs Market: Patrick's total compensation ($USD8.25M) is above average for companies of similar size in the German market ($USD1.45M).

Compensation vs Earnings: Patrick's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

Leadership Team

Patrick Dempsey
President7.33yrsUS$8.25m0.64% $11.4m
Christopher Stephens
Senior VP of Finance & CFO11.5yrsUS$2.08m0.18% $3.2m
Patrick Hurley
Senior VP & CTO1.42yrsUS$1.97mno data
Michael Beck
Senior Vice President4.33yrsUS$1.41m0.041% $722.2k
William Pitts
Director of Investor Relations9.25yrsno datano data
James Pelletier
Senior VP0.25yrno data0.00058% $10.3k
Lukas Hovorka
Vice President of Corporate Developmentno datano datano data
Dawn Edwards
Senior Vice President of Human Resources10.92yrsUS$989.58k0.16% $2.8m
Stephen Moule
Senior Vice President0.58yrno datano data
Marian Acker
VP & Controller10.5yrsno data0.046% $818.8k


Average Tenure


Average Age

Experienced Management: BG4's management team is seasoned and experienced (7.3 years average tenure).

Board Members

Patrick Dempsey
President7.33yrsUS$8.25m0.64% $11.4m
Thomas Barnes
Independent Chairman of the Board25.5yrsUS$315.53k5.62% $99.6m
Mylle Bell Mangum
Independent Director18.5yrsUS$219.69k0.019% $343.6k
Thomas Hook
Independent Director4.17yrsUS$202.99k0.015% $262.2k
William Morgan
Independent Director13.75yrsUS$220.69k0.087% $1.5m
Hassell McClellan
Lead Independent Directorno dataUS$216.19k0.035% $627.2k
Hans-Peter Männer
Independent Director3.75yrsUS$199.99k0.81% $14.3m
JoAnna Sohovich
Independent Director6.17yrsUS$201.49k0.024% $422.2k
Elijah Barnes
Independent Director4.5yrsUS$199.99k0.079% $1.4m
Anthony Nicolosi
Independent Director3.17yrsUS$201.49k0.0096% $170.1k


Average Tenure


Average Age

Experienced Board: BG4's board of directors are considered experienced (6.2 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: BG4 insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Barnes Group Inc.'s company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Barnes Group Inc.
  • Ticker: BG4
  • Exchange: DB
  • Founded: 1857
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: US$1.996b
  • Listing Market Cap: US$1.772b
  • Shares outstanding: 50.44m
  • Website: https://www.barnesgroupinc.com

Number of Employees


  • Barnes Group Inc.
  • 123 Main Street
  • Bristol
  • Connecticut
  • 06010-6376
  • United States


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BNYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1968
BG4DB (Deutsche Boerse AG)YesCommon StockDEEURJan 1968


Barnes Group Inc. provides engineered products, industrial technologies, and innovative solutions in the United States and internationally. The company operates through two segments: Industrial and Aerospace. The Industrial segment offers precision components, products, and systems used by various customers in end-markets, such as transportation, industrial equipment, automation, personal care, packaging, electronics, and medical devices. This segment also designs and manufactures hot runner systems, mold cavity sensors and process control systems, and precision high cavitation mold assemblies for injection molding applications; provides force and motion control solutions for various metal forming and other industrial markets; and designs and develops robotic grippers, end-of-arm tooling systems, sensors, and other automation components for intelligent robotic handling solutions and industrial automation applications. In addition, it manufactures and supplies precision mechanical products, including mechanical springs, and high-precision punched and fine-blanked components used in transportation and industrial applications, including mechanical springs, and high-precision punched and fine-blanked components. This segment sells its products primarily through its direct sales force and distribution channels. The Aerospace segment produces fabricated and precision machined components and assemblies turbine engines; and nacelles, and structures for commercial and military aircrafts. It also provides aircraft engine component maintenance, repair, and overhaul services for turbine engine manufacturers, commercial airlines, and the military; and manufactures and delivers aerospace aftermarket spare parts. This segment primarily serves original equipment manufacturing industry. Barnes Group Inc. was founded in 1857 and is based in Bristol, Connecticut. 

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/01 21:45
End of Day Share Price2020/07/01 00:00
Annual Earnings2019/12/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.